Datafox are R&D Tax Credit Specialists
Our Auditing Service is provided by our team of R&D Specialists comprised of Chartered Accountants and Chartered Tax Advisors. We are able to recover 26% – 33.35% of all qualifying R&D expenditure for SME’s and 8.8% for large companies.
What is R&D Tax Credit?
Your Research and Development Tax Credits Claim with Datafox will be fast, efficient and transparent.
Introduced by the UK Government in 2000, the R&D tax relief scheme is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying research and development.
Datafox assists organisations from a range of industry sectors in accessing HMRC’s complex R&D Tax Credit scheme. HMRC’s guidance on claiming R&D tax credits is over several hundred pages long. Our specialist team comprises qualified Chartered Accountants and Chartered Tax Advisors.
What’s it worth?
SMEs can recover up to 26% (if in profit) and 33.35% (if loss-making) of all eligible R&D expenditure. Large companies/ organisations can benefit from an after tax benefit of 8.8% of the qualifying R&D expenditure. For more info see the ‘snapshot’ further down.
99.5% of elegible UK organisations miss the opportunity to reap the potential rewards offered by HMRC’s R&D Tax Credit scheme. Datafox has an experienced team with industry specialists that have a deep knowledge of the R&D landscape and our unique approach helps us deliver the best results. Once we determine you meet the basic R&D Tax Credit eligibility, our team will meet with you to identify potentially eligible projects unique to your business. Our hands-on approach as R&D Tax Specialists ensures we obtain the maximum benefit. We offer a thorough approach unlike the majority of accountants or companies offering R&D claims.
SME's - Recover 26% (If In Profit) Or 33.35% (If Loss-Making) With R&D Tax Credits
Eligible businesses can receive reductions in Corporation Tax liability as well as cash payments from 26% to 33.35% on qualifying R&D expenditure.
A small or medium sized enterprise (SME) is a company with less than 500 employees with either:
- an annual turnover under €100 million
- a balance sheet under €86 million
- Your company isn’t an SME if it’s part of a larger enterprise that, when taken as a whole, would fail these tests.
When considering these limits, you should also include any linked, partnership or shareholding companies that have at least a 25% share in your company and/or any company that your company holds a 25% share in.
Large Organisations - Recover 8.8% Research And Development Expenditure Credit (RDEC)
Large companies/ organisations can benefit from an after tax benefit of 8.8% of the qualifying R&D expenditure.
A large enterprise is a company with more than 500 employees with either:
- an annual turnover in excess of €100 million
- a balance sheet over €86 million
Ready to apply?
If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.
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